Ether rebound holding above $2k so far today

As covered in the previous update concerning BTC and the explosive jump in XRP, the price of Ethereum (ETHUSD) has reclaimed the $2k handle. The high seen so far since that explosive move in XRP has been set at $2,027. It has just stalled there for the time being, but this latest rise has certainly shaken up the market and led to an increase in price action and volatility. That is a welcome development and one that has been overdue for anyone active in this one. However, despite reclaiming the $2k handle, Ether still has some hurdles ahead, namely a double top above 2,130 set back in April this year. ETHUSD is currently trading at $2,009